Corporates

Garment Brand Libas Bags Rs 150cr Funding From ICICI Venture

Textile Insights May 31, 2024

Omni-channel retailer and ethnic wear brand Libas has successfully closed its first external funding round and bagged an investment of Rs 150 crore by IAF Series 5, a fund managed by ICICI Venture. Libas has fast-tracked its growth to become a leading force in the online fashion segment,

Apparel, Fashion, Retail

Uniqlo Plans To Double Store Count In India To 28-30 Outlets

Textile Insights May 30, 2024

Asia biggest fashion retailer Uniqlo has plans to double its store count in India and raise it to 28-30 stores from the present 13 outlets it operates in the India. “Uniqlo currently operates 13 stores in India and plans to open about 28-30 stores in the next three years,” a source told India Retailing. “They […]

Trade & Market

Eid-Ul-Fitr Business Keeps Ahmedabad Textile Market Buzzing

Textile Insights April 8, 2024

Eid-ul-Fitr is around the corner and Ahmedabad’s textile markets are buzzing with activity. Retail demand is high, leaving the market in a bullish mode for the festival season ahead. “There has been a good demand ahead of Eid,” Gaurang Bhagat, President, Maskati Cloth Market Mahajan said. “Ahmedabad’s textile traders are reporting a significant increase in […]

Apparel, Fashion, Retail

Myntra Grows At Twice The Pace Of Indian Online Fashion Market

Textile Insights March 29, 2024

Myntra one of India’s biggest online fashion, beauty and lifestyle platform, claimed it has grown at nearly twice the pace of the fashion ecommerce market in India in the second half of 2023. “Integral to this market-leading growth has been a 33 percent surge in Monthly Active Users (MAU), rising from 45 million in 2021 […]

Apparel, Fashion, Retail

Fast Retailing Closing 50 Uniqlo Unprofitable Stores In China

Textile Insights March 27, 2024

Fast Retailing, the owner of Uniqlo brand and retailer of apparels is planning to close 50 unprofitable stores in China. But at the same time the Japanese company also plans to open 80 new stores. This was disclosed by Takeshi Okazaki, Chief Financial Officer of Fast Retailing who said it will adjust its store-opening strategy […]

Apparel, Fashion, Retail

US Retailer Target Launches Apparel & Cosmetics Priced Below $1

Textile Insights February 17, 2024

US based retailer Target has unveiled a new budget brand that will offer shoppers low-cost clothes, electronics, beauty products, and home items. “Dealworthy, the brand will feature nearly 400 everyday basics, with most items under $10 and some costing less than $1,” Target said in a press release. The range will include items such as […]

Apparel, Fashion, Retail

Garments Change Colour In Response To Rising Temperatures

Textile Insights January 6, 2024

Students of the National Institute of Fashion Technology (NIFT) Gandhinagar have taken a groundbreaking leap by incorporating thermochromic and photochromic technologies into garments. The Textile Design (TD) course unveiled swaddling clothes, military fatigues, children’s games, and even curtains that feature these cutting-edge technologies. Thermochromic is a fabric

Apparel, Fashion, Retail

Spanish Fashion Brand Mango Celebrates 40th Anniversary

Textile Insights December 23, 2023

Spanish fashion brand Mango is celebrating 40 years since its story began with the opening of its first store in Barcelona. The brand also expects to close the 2023 financial year with record sales and with a turnover in excess of €3 billion as against the earlier record sales of €2.68 billion in 2022. During […]

Apparel, Fashion, Retail

Chinese Fashion Retailer Faces Challenges Before Proposed IPO

Textile Insights November 30, 2023

Singapore headquartered but originally China based fast fashion retailer Shein, has plans to launch an initial public offering next year with listing at the New York stock exchange. But the brand which still has manufacturing facilities in China faces allegations that its products contain cotton from Xinjiang province, a province which is accused of using […]

Cotton

Yagi & Co Launches Cotton iD For Enhanced Organic Cotton Traceability

Textile Insights November 5, 2023

Yagi & Co has introduced its proprietary system, Cotton iD, to enhance the traceability of organic cotton. This innovative system offers a robust traceability management solution for organic cotton, spanning from the cotton fields to yarn production. Notably, India, the world’s largest organic cotton producer, is a focal point for this initiative. The organic